Transferring entries from journal to ledger account is commonly known as?
Correct answer C. Posting
Tip: press A, B, C or D to answer, and N for the next question.
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More Ledger questions
See allAn account records the ____ in the balance of an item?
Correct answer C. Increase or decrease
If credit side of a bank account is greater than the debit side, it indicates which of the following?
Correct answer A. Bank overdraft
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If debit side of a bank account is greater than credit side it indicates which of the following?
Correct answer A. Cash at bank
____ will be credited if goods are given as charity?
Correct answer C. Purchases
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